Rafael Trinidad
should I bring partners in my first deal
Now that I have saved 30K people have been on side lines waiting for me to begin to buy and hold several of my closes friends have seen how much I've learned over the last 12 months on real estate and wish to invest...
Rosanna Tran
Quit claim deed on 1031 property
I bought a commercial property in 2015 under my company name which I do import & export & under 1031 exchange. Now I closed the import & export business & I want to quit claim the property to under a n...
Gary Parker
Seller Tax Implications
I will potentially be purchasing a property sub2 the existing mortgage of $92,000.00, property worth $125K as is, seller says depreciated to $0, I will give a $10K note balloon due 10 years @ 0% interest and $100 ...
Jason Lam
Is the private money buying equity or is it a loan?
I am looking at potentially partnering with a family member on a deal. We're talking about a 50/50 split where he would do all the improvements and get the bank financing while I bring the downpayment and closing cost...
John Anderson
Most tax-efficient way to take property out of LLC?
Hello - we have a small two person LLC which holds a single, small, paid-off property. We would like to move the property from the LLC to our personal names. Is there a way to do this without any adverse tax consequen...
Derrick Hilton
Purchasing a property from an owner for less than market value
I’m planning on purchasing a property from an owner/tenant for what they currently owe on the property. At the moment they owe something like 10% of current market value on the property.I am assuming the additional 90...
Timothy Christian Jr
Are there any conventional loans available that require a down payment of 6%?
I am encountering difficulty in finding a suitable mortgage for my rental investing career. Every bank I speak to insists on a minimum 20% down payment if I do not plan to reside in the property. You may wonder why I ...
Jack Forester
What will you add to your next lease?
What will you add to your next lease? I use a ezLandlord forms which allow you to pick and choose some rules for the property and ensure you are 100% legal for your state (no I don't work for them). They cover a lot...
Ralph DiBugnara
What's Earnest Money Deposit?
Buyers are expected to put down a deposit on their contract. A sign of good faith, this amount consequently allows for additional time to seek financing. Held jointly in an escrow account, the amount ranges from 1,000...
Ron Johnson
The best way to minimize taxes when gifting someone a house?
My step mom is giving me a house and we want to be aware of the best options to transfer ownership in my name, while avoiding any heavy tax consequences. Any insight would be great!